BHP Billiton Ltd. (NYSE:BHP)’s share price dropped 4.4% during trading on Wednesday . The company traded as low as $30.00 and last traded at $30.10, with a volume of 2,592,762 shares trading hands. The stock had previously closed at $31.49.

BHP has been the subject of a number of research reports. Cowen and Company reissued a “market perform” rating and set a $32.00 price target (up from $25.00) on shares of BHP Billiton in a research note on Wednesday, May 4th. Sanford C. Bernstein reaffirmed a “market weight” rating on shares of BHP Billiton in a research note on Friday, May 13th. Citigroup Inc. reaffirmed a “neutral” rating on shares of BHP Billiton in a research note on Tuesday, June 7th. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Finally, JPMorgan Chase & Co. raised BHP Billiton from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.09.

The stock’s 50 day moving average is $30.67 and its 200 day moving average is $28.11. The company’s market cap is $79.83 billion.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be issued a $0.28 dividend. The ex-dividend date is Wednesday, August 31st. This represents a dividend yield of 1.72%.

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

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